Data Scanning Avalanche: Active Addresses Break 100,000, DeFi Lockup Up 354.64% in 3 Months

Ethereum has been promoted to a "noble chain" because its single transaction fee can easily cost tens of dollars, which has not only become a key factor restricting the development of its own upper eco-system, but also left a wide space for other emerging public chains to develop. This year, Cardano's average daily active addresses increased by 631.73% compared to last year, and then DeFi's total lockup on Solana increased by 1,738% in two months. And now, Avalanche is just in time.

According to CoinGecko's data, as of Nov. 25, Avalanche's native token AVAX has risen more than 12% in a week, and is currently about $122, with a market capitalization of about $27.4 billion, which is ranked 11th in terms of market capitalization. What factors have contributed to Avalanche's rapid growth? What changes have occurred in its on-chain fundamentals?PAData, a data column under PANews, analyzed the recent on-chain transaction data of Avalanche C-Chaiin (hereinafter all referred to as Avalanche)[1], and the analysis found that: